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Compensation for under utilisation of production capacity not eligible for deduction u/s. 80IC
Case Law Details
- Case Name
- Pine Packaging Private Limited Vs Commissioner of Income Tax (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Delhi High Court
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HIGH COURT OF DELHI
INCOME TAX APPEAL NO. 656/2011
Date of Decision: 29th March, 2012
PINE PACKAGING PRIVATE LIMITED
VERSUS
COMMISSIONER OF INCOME TAX
ORDER
SANJIV KHANNA, J.:
Pine Packaging Private Limited has filed the present appeal impugning the order dated 14th January, 2011 passed by the Income Tax Appellate Tribunal (tribunal, for short) in ITA No. 4084/Del/2010. The appeal pertains to assessment year 2007- 08. In the return of income, the assessee had shown turnover of Rs.9,81,75,513/- and net profit of Rs.86,95,402/-. After adjustment of brought forward unabsorbed dep...
